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    Home > Headlines > Italy says it needs at least 10 years to raise defence spending
    Headlines

    Italy says it needs at least 10 years to raise defence spending

    Published by Global Banking & Finance Review®

    Posted on June 12, 2025

    2 min read

    Last updated: January 23, 2026

    Italy says it needs at least 10 years to raise defence spending - Headlines news and analysis from Global Banking & Finance Review
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    Tags:GDPfinancial management

    Quick Summary

    Italy plans to increase defence spending over 10 years to meet NATO targets, balancing this with public debt constraints.

    Italy says it needs at least 10 years to raise defence spending

    ROME (Reuters) -Italy's Foreign Minister Antonio Tajani on Thursday said his country needs at least 10 years to raise defence spending and comply with new targets due to be agreed by NATO, adding that a deal on them could soon be reached.

    Italy is one of the defence spending laggards within the Western military alliance, having spent just 1.49% of gross domestic product last year against a current target of 2%, according to NATO data.

    Rome has said it would respect the 2% target in 2025, but mainly through a series of accounting changes which add to defence budget calculations items that were previously not included.

    "I believe that we can do good work with NATO and arrive at The Hague summit with an agreement ready beforehand, so that NATO can demonstrate its unity," Tajani said speaking alongside NATO Secretary General Mark Rutte.

    The alliance leaders will meet in The Hague on June 24-25.

    Defence Minister Guido Crosetto, speaking in parliament, said it "is not possible" for Italy to meet U.S. requests for NATO allies to hike their defence budgets to 5% of GDP, and said an intermediate target of 3.5% "is not easy".

    Italy has limited room for spending, with its massive public debt projected to rise to almost 138% of GDP in 2026 before edging down the following year.

    "We are maintaining a conservative stance on the matter because we do not want other key investments, such as those on public health or social spending, to be affected", Crosetto said, adding that every government within NATO would need to discuss defence spending commitments with national parliaments.

    (Reporting by Angelo Amante, Claudia Cristoferi, editing by Alvise Armellini and Alistair Bell)

    Key Takeaways

    • •Italy needs 10 years to meet NATO defence spending targets.
    • •Current spending is 1.49% of GDP, below the 2% target.
    • •Italy plans to reach 2% by 2025 through accounting changes.
    • •Defence Minister says 5% GDP target is unfeasible.
    • •Public debt limits Italy's defence budget expansion.

    Frequently Asked Questions about Italy says it needs at least 10 years to raise defence spending

    1What is Italy's current defence spending as a percentage of GDP?

    Italy spent just 1.49% of its gross domestic product on defence last year, which is below NATO's target of 2%.

    2When does Italy plan to meet the NATO defence spending target?

    Italy has stated it will meet the 2% target by 2025, mainly through accounting changes that include previously excluded items.

    3What challenges does Italy face in increasing its defence budget?

    Italy has limited room for spending due to its massive public debt, projected to rise to almost 138% of GDP in 2026.

    4What did Defence Minister Guido Crosetto say about NATO's budget requests?

    Crosetto mentioned that it is 'not possible' for Italy to meet U.S. requests for NATO allies to increase their defence budgets to 5% of GDP.

    5What is the significance of the upcoming NATO summit in The Hague?

    The NATO leaders will meet in The Hague on June 24-25 to discuss unity and agreements related to defence spending among member countries.

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